The more informative article is from O Globo today in Portuguese. I did not translate it, but most translation services work well for Portuguese-English.
Since BYD already produces busses, solar panels and battery packs for stationary storage and vehicles this has been long expected, having had a letter of intent signed in 2021. Further BYD is now searching for Lithium and other materials in Brazil. No public statements have been made but rumors abound. The change of Brazilian government plays a role, not least because Lula sponsored the development of ethanol that has become important in Brazil. The Ford factory in Bahia closed in 2021 and they’re anxious to sell it. BYD is holding out for national BEV incentives that have not yet happened. If other OEM’s step up for cars built in Brazil the tone might change. Busses have been the largest market thus far in the region with Santiago de Chile the largest Electric bus fleet outside China and several Brazilian cities beginning to buy them.
The time is ripe for Tesla!
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Since BYD already produces busses, solar panels and battery packs for stationary storage and vehicles this has been long expected, having had a letter of intent signed in 2021. Further BYD is now searching for Lithium and other materials in Brazil. No public statements have been made but rumors abound. The change of Brazilian government plays a role, not least because Lula sponsored the development of ethanol that has become important in Brazil. The Ford factory in Bahia closed in 2021 and they’re anxious to sell it. BYD is holding out for national BEV incentives that have not yet happened. If other OEM’s step up for cars built in Brazil the tone might change. Busses have been the largest market thus far in the region with Santiago de Chile the largest Electric bus fleet outside China and several Brazilian cities beginning to buy them.
The time is ripe for Tesla!
Brazilians offer fresh perks for BYD plant as Ford talks stall -sources By Reuters
Brazilians offer fresh perks for BYD plant as Ford talks stall -sources
